Business & Economics Books:

Organization with Incomplete Information

Essays in Economic Analysis: A Tribute to Roy Radner

Format

Paperback

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Organization with Incomplete Information
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Description

There have been systematic attempts over the last twenty-five years to explore the implications of decision making with incomplete information and to model an 'economic man' as an information-processing organism. These efforts are associated with the work of Roy Radner, who joins other analysts in this collection to offer accessible overviews of the existing literature on topics such as Walrasian equilibrium with incomplete markets, rational expectations equilibrium, learning, Markovian games, dynamic game-theoretic models of organization, and experimental work on mechanism selection. Some essays also take up relatively new themes related to bounded rationality, complexity of decisions, and economic survival. The collection overall introduces models that add to the toolbox of economists, expand the boundaries of economic analysis, and enrich our understanding of the inefficiencies and complexities of organizational design in the presence of uncertainty.
Release date NZ
October 14th, 2008
Contributor
Edited by Mukul Majumdar
Country of Publication
United Kingdom
Illustrations
29 b/w illus. 2 tables
Imprint
Cambridge University Press
Pages
364
Dimensions
152x228x21
ISBN-13
9780521084666
Product ID
2657514

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